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Lamy Pushes a Global Trade Deal

GENEVA -- World Trade Organization chief Pascal Lamy said that if the global trade negotiations involving 148 countries aren't successful, an unhealthy jump in smaller regional agreements might make it harder to resolve trade disputes around the world.

Trade ministers are to meet in Hong Kong next week in a bid to invigorate the so-called Doha Round negotiations, which have fallen more than a year behind schedule and need to conclude at the end of 2006. Going into the Hong Kong meeting, Mr. Lamy said negotiators are only about...